Product Liability Insurance
From product recalls and equipment breakdown to third-party liability, a business operating in today’s global supply chain faces many challenges. AIG will help you understand your potential risk exposure and customize a coverage solution to protect your customers, your supply chain, and your bottom line.
AIG’s broad product and completed operations liability coverage is available on a primary and excess basis, including discontinued product liability and incurred but not reported (IBNR) coverage. Exceptional flexibility allows for highly customized protection for virtually any product-related risk.
In the event of a product contamination or recall, AIG’s CPI provides comprehensive coverage for key exposure areas, as well as the expertise of independent consultants for guidance immediately after the notice of a loss.
A recall of finished or component goods can be complicated and costly. RecallResponse provides specialized coverage for a diversity of product recall expenses, as well as liability to third parties.
Product Liability Services
This powerful risk management tool offers online training, toolkits, and other support services for companies involved in the design, manufacturing, or distribution of products.
For a more in-depth evaluation of your products and exposures, our Product Liability Exposure Analysis (PLEA) offers an innovative and personalized risk management approach.
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NOVI® Product Recall Cost Estimator
Just what is the financial impact of a product recall? It’s much higher than you might think.
NOVI is a free, confidential service for food and beverage companies that estimates the largest probable loss from a product contamination incident.
Learn More About Product Liability
AIG enables businesses to gain insight into managing areas of risk along the product chain – while reducing gaps in coverage and helping to protect against costly recalls.
When to Consider Product Liability Insurance